Hapag-Lloyd expects positive 2013

German Hapag-Lloyd improved both its revenues and profits in the first quarter of 2013. Expectations are positive for 2013 as a whole for the shipping company that lost money in 2012, though the second quarter could be tough.

BY LOUISE VOGDRUP-SCHMIDT

Hapag-Lloyd improved its performance in the year's first quarter. But like Maersk Line and the other Top 20 carriers, the German shipping company will be hit hard in the second quarter by the dramatic rate drop on Asia-Europe.

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